Storing Data in Rows and Columns Such as in Excel

question 13

Multiple Choice

Storing data in rows and columns such as in Excel or SPSS is referred to as storing information in ______ form.

• A) list
• B) tabular
• C) spreadsheet
• D) t shape

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Definitions:

Price Floor

A government- or authority-imposed minimum price that can be charged for goods and services, typically above the equilibrium price, to prevent prices from falling too low.

Surplus

A situation where the quantity supplied of a product exceeds the quantity demanded at a specific price.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition where there is no tendency for change.

Total Revenue

A financial measure defining the income generated from business activities or operations without deducting expenses.